#Binance #Ethereum $ETH

The latest Ethereum news in July 2024 indicates major developments, primarily around Ethereum-based exchange-traded funds (ETFs). The United States Securities and Exchange Commission (SEC) has given preliminary approval for three Ethereum ETFs to begin trading as early as July 23, with firms including BlackRock, VanEck and Franklin Templeton leading the list of asset managers approved.

These Ethereum ETFs are expected to attract a significant influx of capital, with some experts estimating net inflows of up to $15 billion by the end of 2025. This approval is considered a significant victory for the cryptocurrency industry, similar to the effect observed during the launch of Bitcoin ETFs in January.

The excitement around this news also impacted the price of Ethereum, which recently increased by around 6%, reaching around $3,473. Some analysts even predict a much greater potential rise, up to 500%, in the current cycle, reaching values ​​between $15,000 and $22,500.

These developments indicate a promising time for Ethereum, with high expectations for the positive impact of ETFs on the cryptocurrency market.